XCCC vs. TAXX

Last updated Jun 4, 2026

XCCC (BondBloxx CCC Rated USD High Yield Corporate Bond ETF) and TAXX (Bondbloxx IR+M Tax-Aware Short Duration ETF) are both exchange-traded funds - XCCC is a High Yield Bonds fund tracking the ICE BofA CCC and Lower US High Yield Constrained Index, while TAXX is a Municipal Bonds fund actively managed by BondBloxx. XCCC is passively managed, while TAXX is actively managed. Over the past year, XCCC returned 5.67% vs 3.94% for TAXX. At a 0.26 correlation, their price movements are largely independent. XCCC charges 0.40%/yr vs 0.35%/yr for TAXX.

Performance

XCCC vs. TAXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BondBloxx CCC Rated USD High Yield Corporate Bond ETF (XCCC) and Bondbloxx IR+M Tax-Aware Short Duration ETF (TAXX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XCCC achieves a -0.05% return, which is significantly lower than TAXX's 1.04% return.

XCCC

• 1D: -0.44%
• 1M: -0.23%
• YTD: -0.05%
• 6M: 0.38%
• 1Y: 5.67%
• 3Y*: 10.79%
• 5Y*: —
• 10Y*: —

TAXX

• 1D: -0.03%
• 1M: 0.30%
• YTD: 1.04%
• 6M: 1.50%
• 1Y: 3.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XCCC vs. TAXX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
XCCC BondBloxx CCC Rated USD High Yield Corporate Bond ETF	-0.05%	7.25%	9.93%
TAXX Bondbloxx IR+M Tax-Aware Short Duration ETF	1.04%	4.52%	3.51%

Correlation

The correlation between XCCC and TAXX is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (All Time) Calculated using the full available price history since Mar 15, 2024	0.26

XCCC vs. TAXX - Sectors Allocation Comparison

Sectors	XCCC	TAXX
Communication Services	12.8%	0.0%
Energy	3.9%	-
Industrials	3.7%	0.1%
Real Estate	3.7%	-
Basic Materials	3.2%	-
Healthcare	3.2%	-
Technology	2.8%	-
Consumer Cyclical	1.8%	0.1%
Consumer Defensive	0.9%	-
Financial Services	0.7%	0.1%
Utilities	-	-

Return for Risk

XCCC vs. TAXX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XCCC

XCCC Risk / Return Rank: 27
XCCC Sharpe Ratio Rank: 29
XCCC Sortino Ratio Rank: 29
XCCC Omega Ratio Rank: 28
XCCC Calmar Ratio Rank: 24
XCCC Martin Ratio Rank: 27

TAXX

TAXX Risk / Return Rank: 79
TAXX Sharpe Ratio Rank: 71
TAXX Sortino Ratio Rank: 76
TAXX Omega Ratio Rank: 90
TAXX Calmar Ratio Rank: 83
TAXX Martin Ratio Rank: 72

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XCCC vs. TAXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BondBloxx CCC Rated USD High Yield Corporate Bond ETF (XCCC) and Bondbloxx IR+M Tax-Aware Short Duration ETF (TAXX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	XCCC	TAXX	Difference
Sharpe ratio: Return per unit of total volatility	1.09	2.34	-1.25
Sortino ratio: Return per unit of downside risk	1.58	3.46	-1.88
Omega ratio: Gain probability vs. loss probability	1.20	1.60	-0.40
Calmar ratio: Return relative to maximum drawdown	1.11	4.48	-3.36
Martin ratio: Return relative to average drawdown	3.72	13.61	-9.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XCCC vs. TAXX - Sharpe Ratio Comparison

The current XCCC Sharpe Ratio is 1.09, which is lower than the TAXX Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of XCCC and TAXX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XCCC	TAXX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.09	2.34	-1.25
Sharpe Ratio (All Time) Calculated using the full available price history	0.96	2.59	-1.63

Drawdowns

XCCC vs. TAXX - Drawdown Comparison

The maximum XCCC drawdown since its inception was -10.99%, which is greater than TAXX's maximum drawdown of -0.91%. Use the drawdown chart below to compare losses from any high point for XCCC and TAXX.

Drawdown Indicators

	XCCC	TAXX	Difference
Max Drawdown Largest peak-to-trough decline	-10.99%	-0.91%	-10.08%
Max Drawdown (1Y) Largest decline over 1 year	-5.11%	-0.88%	-4.23%
Max Drawdown (3Y) Largest decline over 3 years	-10.99%	—	—
Current Drawdown Current decline from peak	-1.05%	-0.06%	-0.99%
Average Drawdown Average peak-to-trough decline	-1.93%	-0.17%	-1.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.53%	0.29%	+1.24%

Volatility

XCCC vs. TAXX - Volatility Comparison

BondBloxx CCC Rated USD High Yield Corporate Bond ETF (XCCC) has a higher volatility of 1.51% compared to Bondbloxx IR+M Tax-Aware Short Duration ETF (TAXX) at 0.34%. This indicates that XCCC's price experiences larger fluctuations and is considered to be riskier than TAXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XCCC	TAXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.51%	0.34%	+1.17%
Volatility (6M) Calculated over the trailing 6-month period	4.02%	0.84%	+3.18%
Volatility (1Y) Calculated over the trailing 1-year period	5.25%	1.69%	+3.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.82%	1.59%	+7.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.82%	1.59%	+7.23%

XCCC vs. TAXX - Expense Ratio Comparison

XCCC has a 0.40% expense ratio, which is higher than TAXX's 0.35% expense ratio.

Dividends

XCCC vs. TAXX - Dividend Comparison

XCCC's dividend yield for the trailing twelve months is around 10.05%, more than TAXX's 3.50% yield.

Position	TTM	2025	2024	2023	2022
TAXX Bondbloxx IR+M Tax-Aware Short Duration ETF	3.50%	3.72%	2.70%	0.00%	0.00%
XCCC BondBloxx CCC Rated USD High Yield Corporate Bond ETF	10.05%	10.06%	10.68%	12.05%	7.63%

Frequently Asked Questions

Can I hold both XCCC and TAXX in my portfolio?

XCCC and TAXX have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XCCC or TAXX?

XCCC has higher volatility (1.51%) compared to TAXX (0.34%). In terms of maximum drawdown, XCCC dropped -10.99% vs TAXX's -0.91%.

Which ETF is better, XCCC or TAXX?

On 1-year performance, XCCC leads with 5.67% vs 3.94% for TAXX. On fees, TAXX is cheaper at 0.35% per year. On volatility, TAXX has been the lower-risk option at 0.34%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XCCC or TAXX?

Over the 1-year period, XCCC has performed better with a 5.67% return vs 3.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XCCC or TAXX?

TAXX is cheaper with a 0.35% expense ratio, compared with 0.40% for XCCC.

Which ETF pays a higher dividend yield, XCCC or TAXX?

XCCC has the higher dividend yield at 10.05%, compared with 3.50% for TAXX.

What is the main difference between XCCC and TAXX?

XCCC is categorized as High Yield Bonds, while TAXX is Municipal Bonds. Their fees differ too: 0.40% for XCCC and 0.35% for TAXX.

Which has better risk-adjusted returns?

TAXX currently has the higher Sharpe Ratio (2.34 vs 1.09), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.